OpenAI executives have signaled readiness for a 2027 IPO, with President Greg Brockman stating the company could list next year after enterprise revenue doubled in Q3 and now accounts for the majority of sales, driving 70% annualized revenue growth. CFO Sarah Friar confirmed plans remain on track despite recent midterms and political shifts. The firm confidentially filed its S-1 in June 2026 but delayed from any 2026 window to prioritize AI safety decisions and large language model development. A recent $11 billion funding tranche closed at a $1.25 trillion valuation, following cuts from higher targets amid investor caution over data center spending. Rival Anthropic's expected late-2026 debut adds competitive pressure on timing and market reception.